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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Strong Close Keeps Outlook........>
EUROSTOXX50 TECHS: Strong Close Keeps Outlook Neutral
*RES 4: 3536.87 High Jul 31
*RES 3: 3486.31 High Aug 10
*RES 2: 3452.41 High Sep 27
*RES 1: 3263.72 High Nov 8
*PREVIOUS CLOSE: 3190.31
*SUP 1: 3090.85 Low Oct 26
*SUP 2: 3030.00 Up trendline support from 2012 low
*SUP 3: 2984.48 Low Dec 2 2016
*SUP 4: 2678.27 Low Jul 1 2016
While Eurostoxx50 broke below its 21-dma yesterday the strong close keeps the
near-term outlook neutral. Bulls continue to target the Nov 8 high at 3263.73,
above which would trigger an inverse head-and-shoulder pattern targeting the Sep
27 highs. Bears continue to eye the Oct 26 low at 3090.85. Below here would
extend the selloff towards up trendline support from the 2012 low which comes in
around 3030.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.